Trade Pact: Trade and Business Groups

trade pact: At stake may be the president's credibility over whether and how he will deliver on his campaign vow to undo decades of American trade policy and restore millions of manufacturing jobs lost to foreign competition, according to The Japan Times. The latest puzzler broke out Wednesday over the prospect that the Trump administration would simply abandon the North American Free Trade Agreement rather than start to renegotiate it. Yet so far, his trade policy has produced mostly confusion and division, even among fellow Republicans. The White House leaked that possibility to reporters, rattling investors and drawing protests from business groups and Republican lawmakers. He would actually seek to revamp the trade pact with Canada and Mexico, he said, and pull out of NAFTA only if he couldn't secure a favorable deal. Yet hours later, Trump called it all off. (news.financializer.com). As reported in the news.